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    Chanticleer

    Yesterday

    Adam Bell’s findings will be crucial to the Star Sydney’s future profitability.

    Star bidders need to answer one big question

    That the stricken Star would attract potential bidders is no surprise. But there’s one question buyers will struggle to answer.

    • James Thomson
    Perpetual chief executive Rob Adams. The company bit off more than it could chew by paying too much for rival funds manager Pendal – and using debt to fund the deal.

    Two things can be true in Perpetual’s shock break-up

    Perpetual is trying to get shareholders to look strictly at the numbers in a bid to take emotion out of its break-up. KKR’s $2.2 billion of cash can’t hurt.

    • Anthony Macdonald
    BHP’s Mike Henry and Duncan Wanblad his Anglo American counterpart.

    The $64b question at the heart of Mike Henry’s biggest test

    Key BHP investors including AFIC are supportive of the mining giant lifting its bid for Anglo American. But the question is: how much?

    • James Thomson

    This Month

    Cleanaway Waste Management boss Mark Schubert is met the first third of his earnings growth target.

    Why a rubbish collector is the ASX’s most vulnerable big company

    Cleanaway Waste Management needs investors to buy into its growth story, and soon, because while earnings forecasts are rising, the share price isn’t. That makes it vulnerable to a takeover.

    • Updated
    • Anthony Macdonald
    Mark Freeman says AFIC’s discount to NTA makes it a buying opportunity.

    The stocks Australia’s biggest LIC is buying

    While the LIC sector is under pressure, the 98-year-old Australian Foundation Investment Company is staying patient and hunting for value. 

    • Updated
    • James Thomson
    Advertisement
    The housing crisis will be with us for some time, the RBA says.

    Dutton wants a housing election. This could get nasty

    As the RBA says, there are no quick fixes to the residential property crisis. But that won’t stop Peter Dutton trying before the next election.

    • Updated
    • James Thomson
    Watch out – the bulls are running hard.

    Why bad news has the ASX bulls running

    Bad news from the job market turned a good day on the ASX into a great one. Investors are ploughing into market darlings in the firm belief that rate cuts are coming.

    • Updated
    • James Thomson
    Shareholders will back growth stories, but only if they trust management can deliver them.

    How to build a cash war chest and get permission to spend it

    Thursday’s two big profit results show what investors want from Australia’s big companies. And it doesn’t have to be just buybacks and special dividends.

    • Anthony Macdonald
    Aristocrat chief executive Trevor Croker has delivered another solid profit result.

    How gridiron and cartoon elves sent this ASX giant surging

    The 12 per cent surge in Aristocrat Leisure’s share price reflects a solid profit beat. But there’s a secret sauce behind its long track record of growth.

    • James Thomson
    Warren Buffett’s new position was finally revealed to markets on Wednesday night.

    How inflation relief and Buffett’s new bet gave bull market fresh legs

    Wall Street popped to new record highs on better than feared US inflation data. But there’s a big contradiction at the heart of the bulls’ outlook.

    • James Thomson
    The C4 unit at Callide power station in Queensland blew up in May 2021.

    Queensland in secret bid to buy stricken coal-fired power plant

    It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.

    • Anthony Macdonald
    BHP’s Ken Henry is eager to engage with Duncan Wanblad, but his Anglo American counterpart is keeping his own counsel.

    Why BHP’s hopes of buying Anglo American are fading fast

    BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.

    • Updated
    • James Thomson
    Fund mangers are riding a wave of stimulus that is helping buoy sentiment and the market.

    Fundies are riding a wave of stimulus. Jim Chalmers just added to it

    Investor bullishness is as strong as it’s been since 2021, but one key question in BoA’s latest fund manager survey particularly resonates after the latest budget.

    • James Thomson
    Andrew Forrest’s big wins arrived in the form of tax incentives that will boost both his publicly listed giant Fortescue Metals Group and private interests.

    Why Andrew Forrest is a big budget winner

    Jim Chalmers’ $23 billion bet on turning Australia into a green industry superpower ignores many of the issues on the top of the business sector’s wishlist.

    • James Thomson
    Anglo American’s Duncan Wanblad said it was the “most radical changes to Anglo American in decades”.

    Anglo American shapes up for $64b fight with BHP

    Anglo American has pulled out a takeover defence with the works. Now, it has to convince shareholders not to side with BHP.

    • Anthony Macdonald
    Advertisement
    Wages are up and employment is strong, but households are under pressure.

    Where Australians are spending their larger pay packets

    Australian household income is up, but so is spending on some undesirables. The result is what our retail CEOs are talking a lot about - shopping for value.

    • Anthony Macdonald
    BHP chief executive Mike Henry will be up in front of shareholders on Tuesday night, promising the company will stay disciplined in its pursuit of Anglo American.

    BHP turns Anglo pursuit into $64b chess game

    BHP has bid against itself and disclosed it, in an effort to put pressure on the London-listed miner. The next move is Anglo’s, and only hours away.

    • Updated
    • Anthony Macdonald
    GameStop’s market capitalisation surged $US4 billion to $US9.3 billion ($14 billion) in a single session after Keith Gill’s cryptic social media post.

    Meme stock stupidity is back at the dumbest possible time

    The $6 billion jump in the value of crappy US retailer GameStop is a sign of pure speculative excess. 

    • James Thomson
    Rio Tinto boss Jakob Stausholm is feeling like Rio is putting its recent history behind it.

    How Rio Tinto executives can get paid more this year

    Rio Tinto has made a step-change to executive remuneration. Bonus payments could increase materially, but not for the usual reasons.

    • Updated
    • Anthony Macdonald
    The lower inflation Jim Chalmers forecasts will require a sharper slowdown.

    Investors shouldn’t believe Chalmers on inflation just yet

    For inflation to get back to target by Christmas, more pockets of pain will have to emerge. But the corporate sector is holding up well. 

    • Updated
    • James Thomson

    The Australian Financial Review Magazine

    BOSS Financial Review

    Kmart and Target managing director Ian Bailey: “The journey we’ve been on for many years is really moving from being a retailer to being a product company.”

    Life & Leisure

    The Eastern & Oriental Express passes through the landscapes of Malaysia.

    Rich List